Brokers bullish on Coles despite economic uncertainty

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the Coles (ASX:COL) the share price increased by 1.69% over the past month and it is currently trading at $18.6. For investors considering buying, holding or selling the shares, the question now is whether this price race will continue.

According to business analysts, there is certainly reason to believe that he will continue to perform well in the coming year. In terms of business recommendations, Coles currently has:

  • 3 To buy recommendations
  • 8 Hold recommendations
  • 0 To sell recommendations

This suggests that analysts are generally positive on the outlook.

Get insights based on data in ASX:COL

Research Beyond Broker Predictions

At its current price of $18.6sharing in Coles are trading at a discount of -1.74% at its high price of 52 weeks. The 1-year performance of the share was 13.8%.

While analyst forecasts can be a useful guide to what City ‘experts’ think of a stock’s short-term future, they can be unreliable. To get a better idea of ​​Coles’ strengths and weaknesses, it’s worth doing some research for yourself. Indeed, we have identified some areas of concern with Coles which you can read about here.

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